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The 2016 Tech 50: Chris Corrado

The London Stock Exchange Group’s COO comes in at No. 40, down from No. 30 last year.

Chris Corrado
Chief Operating Officer
London Stock Exchange Group

In March, four months after Chris Corrado’s arrival at London Stock Exchange Group, the company sealed its $20 billion merger-of-equals agreement with Deutsche Börse (see Andreas Preuss, No. 28). But Corrado says the pending deal has not affected the information technology projects and momentum he inherited when Antoine Shagoury (No. 25) moved to State Street Corp. Shagoury’s five years at LSEG saw multiple installations of subsidiary MillenniumIT’s high-performance trading and postttrade systems, and postmerger integrations of FTSE Group and LCH.Clearnet Group. “This company wants to be one of the top three in market infrastructure in the world,” says Corrado, 56, who is both chief operating officer and chief information officer. “It’s been quite a ride so far.” In February, Corrado launched a three-year IT plan covering the three main business lines: capital markets, data, and settlements and clearing. Technology management is being decentralized among business-unit CIOs, who have access to a newly created shared services unit — a structure not unlike others Corrado has seen evolve over a 35-year career that included stops at Morgan Stanley, Deutsche Bank, Merrill Lynch & Co., UBS and, most recently, MSCI, which he joined in 2013 as the indexing giant’s first CIO. Corrado has a team of about ten in Australia, the U.K. and the U.S. researching such emerging technologies as machine learning and big-data analytics. Several working groups are investigating blockchain for posttrade processes and private markets, and there is a partnership with IBM Corp. to develop an open-source implementation. “It’s kind of like how the Internet took off,” Corrado says of blockchain adoption. “You always have the bleeding edge, the leading edge, the mainstream and then the laggards.” For LSEG lagging is not an option.

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.

The 2016 Tech 50
1. Catherine
Bank of America Corp.
2. Jeffrey Sprecher
Intercontinental Exchange
3. Lance Uggla
4. Phupinder Gill
CME Group
5. Shawn Edwards and Vlad Kliatchko
6. R. Martin Chavez
Goldman Sachs Group
7. Robert Goldstein
8. Adena Friedman
9. Deborah Hopkins
Citi Ventures
10. Daniel Coleman
KCG Holdings
11. Stephen Neff
Fidelity Investments
12. David Craig
Thomson Reuters
13. Michael Spencer
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Blythe Masters
Digital Asset Holdings
18. David Rutter
19. Neil Katz
D.E. Shaw & Co.
20. Lee Olesky
Tradeweb Markets
21. Richard McVey
MarketAxess Holdings
22. Seth Merrin
Liquidnet Holdings
23. Robert Alexander
Capital One Financial Corp.
24. Brad Katsuyama
IEX Group
25. Antoine Shagoury
State Street Corp.
26. David Gledhill
DBS Bank
27. Lou Eccleston
TMX Group
28. Andreas Preuss
Deutsche BÖrse
29. Dan Schulman
PayPal Holdings
30. Scott Dillon
Wells Fargo & Co.
31. Mike Chinn
S&P Global Market Intelligence
32. Craig Donohue
Options Clearing Corp.
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
35. Sebastián Ceria
36. Michael Cooper
BT Radianz
37. Tyler Kim
38. Neal Pawar
AQR Capital Management
39. David Harding
Winton Capital Management
40. Chris Corrado
London Stock Exchange Group
41. Brian Conlon
First Derivatives
42. Jim Minnick
43. Stephane Dubois
44. Mazy Dar
45. Yasuki Okai
NRI Holdings America
46. Kim Fournais
Saxo Bank
47. Jock Percy
48. Robert Schifellite
Broadridge Financial Solutions
49. Brian Sentance
Xenomorph Software
50. Pieter van der Does

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